Faculty News

Professor Stijn Van Nieuwerburgh offers insights on the economic cycle of low interest rates and high housing prices in Korea

— June 30, 2017

Excerpt from the Korea Times -- "Low interest rates may make mortgage debts attractive and can fuel a housing boom. Conversely, high housing prices require ever larger mortgage balances, even if the ratio of loan to property value stays constant. So growth in property prices and mortgage debt go hand in hand."